house democratic leader nancy pelosi can explain this one. >> the fact is we've had plenty of spending cuts, $1.6 trillion in the budget control act. >> so this means that democrats have already offered more cuts than republicans have offered up new revenue. now keep in mind when we talk about tax increases, this most recent fiscal cliff that we went through, that was an expiration of legislation that was on the books. that's what that was. we went back to the old rates there is no increase beyond that but keep in mind for every $7 in cuts, there has only been $3 in revenue. the solution for more money, well, they're out there without raising taxes. and here is what we can do. we can end $4 billion to $5 billion a year in big oil subsidies. these report profit oil companies, do they need your tax dollars? i don't think so. we can close corporate tax loopholes. a lot of talk about that, but not a whole lot of action, you know? they kind of get writers cramp when they start talking about that. the carried interest loophole can be eliminated. also, congress can block the use of offshore t